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A study reveals that more than 80% of all crypto related posts on Reddit are positive in nature, sentiment toward crypto on a rise in recent years... Despite all of the bad press that the digital asset industry continues to receive on an almost daily basis, it appears as though the overall sentiment of the online communities in regard to this burgeoning domain is still pretty positive. For example, Comparitech — a research firm that provides its consumers with a host of specialized data that allows one to make more informed decisions — recently used a machine learning-based analysis tool to study more than 48K Reddit posts to determine which cryptocurrencies were viewed most favorably by the masses. Not only that, the study also took into consideration a total of 7,500 crypto/blockchain-related articles from a variety of different national and international media outlets. All of the posts, tweets and articles analyzed by the researchers were scored on the basis of their positive/negat..
SEC commissioner Hester Peirce urged for a less cautious approach towards innovation in the ETF space. Hester Peirce, commissioner at the United States securities regulator, has urged for a less cautious approach towards innovation in the exchange-traded funds (ETFs) space on the regulator’s part. The Financial Times reported on her remarks on June 2. Per the report, the Security and Exchange Commission’s (SEC) Peirce called on her co-commissioners to allow for innovation in the ETF space by lessening their caution. She reportedly commented on the SEC’s approach towards this category of highly regulated financial derivatives, noting that the SEC is “still smothering ETFs with personalised attention as if they were infants.” Peirce also noted that she believes the regulator was wrong in its decision to reject the bitcoin (BTC)-based ETF application introduced by the Winklevoss twins, who are also founders of the Gemini cryptocurrency exchange. According to Peirce, an ETF would encourag..
Following a mild correction yesterday, crypto markets have seen strong positive momentum today. Monday, May 27 — following a mild correction yesterday, the crypto markets have seen strong positive momentum today, with bitcoin (BTC) soaring to its highest price point in over a year. Virtually all of the top 50 cryptocurrencies are seeing solid green, as Coin360 data shows. Market visualization courtesy of Coin360 Bitcoin has reported over 9% in growth on the day and is trading at $8,727 by press time. Having briefly dipped below $8,000 yesterday, May 26, the top coin saw a sharp rally kick in towards the evening. Bitcoin has seen considerable volatility this week, posting an intra-week low of around $7,550 on May 23 before surging to today’s new price peak. Bitcoin last traded in the $8,700-800 range over a year ago, in the second week of May 2018. On the week, Bitcoin has sealed a bullish 10.5% gain. Bitcoin 13-month price chart. Source: CoinMarketCap In his own technical analysis, ..
The cryptocurrency winter ended in February and the cryptocurrency bulls took full control of the market toward the end of March when the price of cryptocurrencies started recovering against the USD and the price of Bitcoin crossed the $5000 for the first time since November. Even before the Bitcoin bull run, it is important to note that the Litecoin price prediction 2019 has been bullish since December. You see after the price of Litecoin hit a low of $20, it started recovering against the USD. Between then and the period of the Bitcoin bull run, the price of Litecoin was up by more than 200%. Even if the price of Litecoin was red for the past two days, the cryptocurrency analyst on ZyCrypto insists that the price of Litecoin is still going to move higher against the USD. Will Litecoin recover above $100? Litecoin Price Prediction 2019 – Litecoin Predictions – Litecoin News Today – Will LTC Climb Higher? The price of Litecoin has been able to break key price resistance even after man..
Bitcoin Press Release: Following the announcement of becoming the first on-chain blockchain casino to acquire a gambling license, EOSBet has recently announced two significant developments that will push adoption even further: an innovative user account system and bitcoin betting. February 20th, 2019, Willemstad, Curacao – At the end of 2018, EOSBet received an official online gambling license and certified itself as one of the top-rated EOS dapps. EOSBet has stormed into 2019 releasing a decentralised account system along with native Bitcoin deposits and betting. EOSBet Account System Features Typically, interacting and engaging with blockchain technology has numerous entry barriers, such as setting up cryptocurrency wallets after going through the lengthy process of obtaining cryptocurrency in the first place. However, the EOSBet team worked to develop a system which enables users to deposit funds from any source and easily bet without the use of a wallet or 3rd party software. This ..
As the Year of the Earth Pig has come, it is time to look back at what happened during the previous year. Happy Chinese New Year! As the Year of the Yellow Mountain Dog has drawn to a close, it is time to look back at what happened. While there was a promising start in January 2018, when most altcoins were enjoying their all-time highs, the bear eventually took over, and the market delved into the so-called “Crypto Winter.” Nevertheless, there was good news, too: The United States regulators expressed their desire to stick to “positive regulation,” while big league investors poured some funds into a number of promising, compliant crypto projects (mostly stablecoins). Here is what was happening month-by-month, along with the main takeaways. January 2018Japanese crypto exchange Coincheck was hacked, overtaking the infamous 2014 Mt.Gox collapse — an industry-record-breaking $532 million worth of NEM tokens was stolen this time. Despite the amount of damage, Coincheck has managed to stead..
The South African Reserve Bank’s latest cryptocurrency report has led to a positive outlook for the sector in the country. A working group of South African financial regulatory organizations has released a consultation paper focused on cryptocurrencies, calling for public input to develop a cryptocurrency regulation policy for the country. This latest consultation paper is the most in-depth review of cryptocurrencies from South African financial institutions since an initial public statement on what it calls crypto assets was issued by South African authorities back in 2014. The group that was responsible for putting together this consultation paper is comprised of the Financial Intelligence Centre (FIC), the Financial Sector Conduct Authority (FSCA), the National Treasury (NT), the South African Revenue Service (SARS) and the South African Reserve Bank (SARB). As Cointelegraph previously reported, South Africa has taken a conservatively optimistic approach toward cryptocurrencies. Th..
Ethereum Classic has started the new week well with an upward trend as it may visit the all important $12 level soon. The past few weeks were rough for Ethereum Classic as they were for virtually every other cryptocurrency. The good news is that this week promises to be different. The price of Ethereum Classic started consolidating above the support at $10.80 this morning forming a significant bearish trend line that had resistance at $11.35 on the one hour chart of Ethereum Classic to USD. If the price continues to trade positively, it will most likely break the support at $11.80 and then $12.00 short-term. SEE ALSO: What Does The Future Hold For Qtum? Is There Any Hope For The Coin? $75M raised already. Hurry up! Neluns ICO Ends in just 1 day! Up to 35% extra-bonus. Don't Miss Out! Ethereum Classic (ETC) Price Today – ETC / USD Name Price24H (%)$6,582.45 -0.44%$11.22 -0.46% The upward movement in price started after Ethereum Classic moved as low as $10.40 against the USD. The ..
The cryptocurrency market may have taken a brief pause from the bearish market with the price of major cryptocurrencies stabilizing. Bitcoin cash is one of those cryptocurrencies and this morning, it started consolidating its gains above the $470 support zone. On the chart, a contracting bullish triangle that had support at $485 was formed. The relative strength index is above level 50 and the BCH to USD pair will most likely keep consolidating until it crosses the $500 and $510 level. Bitcoin Cash (BCH) Price Today – BCH / USD Name Price24H (%)$6,611.73 -2.15%$468.11 -6.55% The price of Bitcoin Cash (BCH) is supported above $450 and $460 and will most likely rise toward $500 soon. Throughout the week, the price was able to stay above the $430 level even trading above the resistances at $450, $460 and $470. It closed above the significant support at $460 and above the 100 hourly SMA moving all the way to $510 before a downward correction started. Due to the downward correction, the ..